NOT LISTED FOR SALE

Estimated Value: $473,852

2 Beds
2 Baths
-- Sq Ft
2,495 Sq Ft Lot

Last Sold March 08, 2024

Last sale price $461,000

Est. 3% increase in value since last sale

Current estimated payment $3,101/month

27 Days on Market

Highlights

  • Territorial View
  • Victorian Architecture
  • Eat-In Kitchen
  • Sacajawea Middle School Rated A-
  • Family Room Off Kitchen
  • Window Unit Cooling System

About This Home

As of March 2024

Gorgeously updated & furnished Victorian on the lower South Hill, currently operating as a cash flowing AirBnB. Hardwood floors and box beam ceilings, with tons of natural light flowing through. Updated cupboards with hard surface countertops, dishwasher, electric range & microwave on the main floor unit. Open concept with large living room, dining room space- French doors into bedroom and bathroom, full kitchen, laundry room and back entry with storage area. Upper unit offers large living room, bedroom, kitchen, laundry in the kitchen area, and a separate bathroom and storage area. All appliances & furnishings stay with the units! Basement offers small storage area and mechanical area for hot water heater and furnace. Full electrical upgrade with permits and Historical Places approval. Home comes fully furnished, take over the BnB business with management already in place or house-hack! Live in one & rent out the other unit~ There are so many possibilities on this great property!

Last Listed By

Robyn Miller

REAL Broker LLC License #126312 Listed on: 01/16/2024

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,928

Year Built

  • Built in 1903

Lot Details

  • 2,495 Sq Ft Lot

Parking

  • Off-Street Parking

Home Design

  • Victorian Architecture
  • Shaker Style Exterior
  • Composition Roof
  • Wood Siding
  • Cedar Siding

Interior Spaces

  • Primary bedroom located on second floor
  • 2-Story Property
  • Family Room Off Kitchen
  • Family Room with entrance to outdoor space
  • Dining Room
  • Territorial Views
  • Partially Finished Basement

Kitchen

  • Eat-In Kitchen
  • Free-Standing Range
  • Dishwasher

Laundry

  • Dryer
  • Washer

Schools

  • Roosevelt Elementary School
  • Sacajawea Middle School
  • Lewis & Clark High School

Utilities

  • Window Unit Cooling System
  • Heating System Uses Gas
  • High Speed Internet
  • Internet Available
  • Cable TV Available

Community Details

  • 2 Units
  • Cannon's Addition Subdivision

Listing and Financial Details

  • Assessor Parcel Number 25241.5408

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,928

Year Built

Built in 1903

Lot Details

0

Listing Details

  • Sub Type: Rental Income
  • Access: Pub Rd, Paved
  • Class: Rental Income
  • Year Built: 1903
  • Style Of Construction: 2 Story
  • Lvt Date: 01/16/2024
  • Common Interest Community: No
  • Geo Address Line: 611 S Walnut St
  • Geo Primary City: Spokane
  • Geo Quality: 0.95
  • Geo Subdivision: WA
  • Geo Update Timestamp: 1/16/2024 8:37:50 PM
  • Geo Zoom Level: 15
  • Sr High: Lewis & Clark
  • Year Renovated: 2022
  • Jr High: Sacajawea
  • Allow Public Comments: Yes
  • High Speed Internet Avail: Yes
  • Subdivision/Development: Cannon's Addition
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Number of Stories: 2
  • Basement: Partial, Unfinished
  • Special Features: Mn Flr Util, Wood Flr
  • Design: Victorian
  • Dining Room: Informal, Kit Eat Sp
  • Family/Recreation Room: Outside Ent, 1st Flr, 2nd Flr, Off Kit
  • Kitchen Appliances: Fr Stnd Rng, D/W, Refrig, Washer, Dryer
  • Primary Bedroom: 1st Flr, 2nd Flr

Exterior Features

  • Exterior: Shake, Cedar, Wood
  • Roof: Comp

Garage/Parking

  • Garage Parking: Off St Prkg
  • Garage Size: 0

Utilities

  • Heating/Cooling: Gas, Elec, Wind A/C
  • Power Company: Avista
  • Water Company: COS

Condo/Co-op/Association

  • Amenities: Cable TV, Cable Internet

Schools

  • School District: Spokane Dist 81
  • Elementary School: Roosevelt
  • Middle School: Sacajawea
  • High School: Lewis & Clark
  • School District: Spokane Dist 81
  • Elementary School: Roosevelt

Lot Info

  • Acres Mol: 0.06
  • Estimated Lot Sq Ft: 2495
  • Loc Dir E W: W
  • Loc Dir N S: S
  • Loc Numberblk E W: 13
  • Lot View: Territorial
  • Parcel Number: 25241.5408
  • Site Improvements: Pub Sewer, Swr Conn, Pub Wtr
  • Loc Numberblk N S: 6
  • Multiple Parcels: No

Tax Info

  • Taxes: 3928

Multi Family

  • Number Of Units: 2
  • Number Units A: 1
  • Number Units B: 1

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jun 7, 2021
Sold by
Erickson Shawn and Erickson Sylvia
Bought by
Niven Robert James and The Robert James Niven Family
Total Days on Market
27
Current Estimated Value
$473,852

Purchase Details

Listed on
Jun 29, 2012
Closed on
Oct 24, 2012
Sold by
Hayden Sandra G
Bought by
Erickson Shawn and Erickson Sylvia
Seller's Agent
Denise Fox
CENTURY 21 Beutler & Associates
Buyer's Agent
Lara McHenry
Coldwell Banker Tomlinson
List Price
$350,000
Sold Price
$100,000
Premium/Discount to List
-$250,000
-71.43%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$75,000
Interest Rate
3.36%
Mortgage Type
New Conventional

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Niven Robert James $700,000 First American Title Ins Co
Erickson Shawn $100,280 First American Title Ins Co
Erickson Shawn $235,280 First American Title Ins Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Erickson Shawn $75,000
Previous Owner Hayden Sandra G $166,957
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/08/2024 03/08/24 Sold $461,000 +3.6% --
02/12/2024 02/12/24 Pending -- -- --
01/16/2024 01/16/24 For Sale $445,000 +345.0% --
11/21/2012 11/21/12 Sold $100,000 -71.4% --
09/12/2012 09/12/12 Pending -- -- --
06/29/2012 06/29/12 For Sale $350,000 -- --
Source: Spokane Association of REALTORS®

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2022 $3,756 $321,100 $45,000 $276,100
2021 $2,765 $232,230 $20,630 $211,600
2020 $2,276 $184,030 $20,630 $163,400
2019 $2,061 $172,230 $20,630 $151,600
2018 $2,310 $165,930 $20,630 $145,300
2017 $1,918 $140,230 $20,630 $119,600
2016 $1,839 $131,530 $20,630 $110,900
2015 $1,840 $128,730 $20,630 $108,100
2014 -- $128,730 $20,630 $108,100
2013 -- $0 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Source: Spokane Association of REALTORS®

MLS Number: 202410810

Spokane Association of REALTORS®

APN: 25241.5408